Andrea Karp
Partner, Head Of U.S. Due Diligence
Ares Management
(Ares Commercial Real Estate, Ares Commercial Real Estate Management, Ares Real Estate Income Trust, ACRE, AREEIF Lender)
Ares Management portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$1,000,000 – industrial 100%; Brooklyn 100%, Manhattan 0%
6298th largest portfolio by dollar value
10,320 sqft – industrial 100%;
5167th largest by SF
456 residential units – Brooklyn 100%, Manhattan 0%
399th largest by residential units
0 foreclosures, 1 bankruptcy, 0 other court cases.
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 0 for $0
Borrower signatory: 0 for $0
Lender signatory: 1 for $43.5 million
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Stonehenge NYC (1), A-Rod Corp. (1)
Top Ten Associated People:
Richard Cohen (1)
Recent activity as signatory:
• Stonehenge NYCand A-Rod Corp. borrowed $43.5 million from Ares Management for 340 East 51st Street, Turtle Bay, Manhattan on January 08, 2025.